Is Matawan, NJ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Matawan is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Matawan has remained a Seller's Market.

Key Takeaway

Matawan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Matawan, NJ

How much do homes in Matawan, NJ cost?

Median Sold Price

$535,000

$330/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$45,125(+9.2%)

Key Takeaway

Homes in Matawan have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Matawan was $535,000 in November 2024, up 9.2% from last year, and the median price per square foot was $330.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $247K$260K
+5.3%
2 $320K$329K
+2.8%
3 $500.5K$581K
+16.1%
4 $660K$720K
+9.1%
5+ $677K$805.5K
+19.0%

Summary: Matawan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 19%.

Median Sold Price Compared To Nearby Cities

Aberdeen Township
+21.0%
Morganville
+15.0%
Matawan
+9.2%
Matawan
+8.8%
Cliffwood
-4.5%

Housing Supply in Matawan, NJ

How many homes are available in Matawan, NJ?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
143114-20.3%

Summary: The Matawan real estate market had 114 homes for sale in November 2024, a 20.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1310
-23.1%
2 3633
-8.3%
3 4733
-29.8%
4 3427
-20.6%
5+ 1311
-15.4%

Summary: The Matawan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 29.8%, 4 bedroom homes decreased by 20.6%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4033-17.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Matawan, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Summary: A total of 33 homes were sold or pending in Matawan in November 2024, down by 17.5% month-over-month. Of the 33 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% were sold over asking.

Days on Market for Matawan, NJ

How long does it take to sell a home in Matawan, NJ?

Average Sale Time

Nov 2023Nov 2024CHANGE
21 Days32 Days+51.3%

Summary: Homes in Matawan had an average of 32 days on market in Nov 2024, up by 51.3% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Matawan are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 33 homes were sold in Matawan; 70% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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